Suspension of business dealings with Deep Industries: Did ONGC overstep the brief?
The battle over the suspension of all business dealings by ONGC with Deep Industries Ltd over the alleged misrepresentation of the experience criteria of its foreign collaborator for two gas dehydration tenders in the public sector E&P major's Rajamundry asset has now moved to the courts. 8The court has stayed the suspension order 8ONGC however seems adamant to contest the order. 8But did ONGC overstep its brief by not just suspending business dealings but also seeking a recovery from Deep Industries? Click on Details for more